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Healthcare Provider Update: Offers medical, dental, vision, mental health, and fertility benefits, plus FSAs and HSAs 9. As ACA premiums rise and subsidies expire, Nasdaqs comprehensive benefits help employees avoid the financial strain of marketplace plans. Click here to learn more
In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Nasdaq.
1. Mental Benefits
Working during your Nasdaq retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.
2.. Physical Benefits
Staying active during your Nasdaq retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.
3. Financial Benefits
Besides the obvious extra income, working during your Nasdaq retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.
4. Emotional Benefits
Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Nasdaq.
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- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
5. Social Benefits
One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.
Sources
1. AARP.org, February/March 2015
2. Forbes, 2017
3. Social Security Administration, 2017
4. Association for Psychological Science, 2017
What type of retirement plan does Nasdaq offer to its employees?
Nasdaq offers a 401(k) Savings Plan to its employees.
How can employees at Nasdaq enroll in the 401(k) Savings Plan?
Employees at Nasdaq can enroll in the 401(k) Savings Plan through the company’s HR portal during the enrollment period.
Does Nasdaq match employee contributions to the 401(k) Savings Plan?
Yes, Nasdaq provides a matching contribution to employee contributions made to the 401(k) Savings Plan, up to a certain percentage.
What is the vesting schedule for Nasdaq's 401(k) matching contributions?
The vesting schedule for Nasdaq's 401(k) matching contributions typically follows a graded vesting schedule over a period of years.
Are there any investment options available within Nasdaq's 401(k) Savings Plan?
Yes, Nasdaq’s 401(k) Savings Plan offers a variety of investment options, including mutual funds and target-date funds.
Can employees at Nasdaq take loans against their 401(k) Savings Plan?
Yes, employees at Nasdaq may have the option to take loans against their 401(k) Savings Plan, subject to specific terms and conditions.
What is the minimum contribution percentage for Nasdaq employees participating in the 401(k) Savings Plan?
The minimum contribution percentage for Nasdaq employees participating in the 401(k) Savings Plan is typically set at 1% of their salary.
Does Nasdaq allow for catch-up contributions in its 401(k) Savings Plan?
Yes, Nasdaq allows employees aged 50 and older to make catch-up contributions to their 401(k) Savings Plan.
How often can Nasdaq employees change their contribution amounts to the 401(k) Savings Plan?
Nasdaq employees can change their contribution amounts to the 401(k) Savings Plan at designated times, typically during open enrollment or at specific intervals throughout the year.
What resources does Nasdaq provide to help employees manage their 401(k) Savings Plan?
Nasdaq provides resources such as financial counseling, online tools, and educational materials to help employees manage their 401(k) Savings Plan.
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5. BenefitsPRO, 2017